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Drone Service Market Opportunity Assessment, Market Challenges, Key vendor analysis, Vendor landscape by 2027

Press release   •   Jul 29, 2019 15:35 IST

Drone Service Market to 2027

Latest market study on "Drone Service Market to 2027 by Type (Fixed Wing, Rotary Wing, and Hybrid); Services (Surveying & Mapping, Delivery, and Aerial Photography); Industries (Real Estate/Infrastructure, Media & Entertainment, Agriculture, Industrial, and Law Enforcement) - Global Analysis and Forecast", the drone service market is estimated to reach US$ 24,882.2 Mn by 2027 from US$ 435.2 Mn in 2017. The report include key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

The drone service providers offer various types of drones to the end user industries for several purposes such as surveying, mapping, inspection, cinematography, and goods delivery among others. These third- party service providers offer their customers a variety of drones ranging from fixed- wing drones, rotary wing drones, and hybrid drones. The rotary wing drones are the most attractive unmanned aerial vehicles for commercial use, and the same is expected to dominate the market for drone service over the next decade. The primary advantage of rotary wing drones is that these vehicles have the ability to VTOL (vertical takeoff and landing), thereby requiring smaller takeoff and landing area. Another strength of rotary wing drones to hover around and to execute agile maneuvering, which helps the rotary wing drones to attract customers from several industries. The rotary wing drones are majorly deployed for applications such as precision inspection, as these drones have the ability to hover in a particular region and inspect a single target for a more extended period.

The major companies offering drone services to different industries include Terra Drone Corporation, CyberHawk Innovations Limited, Drone Volt, Zipline, Aerodyne Group, Airinov, Sky Future, SkySpecs, Measure and Flirtey among others.

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Key Benefits

  • The study provides an in-depth analysis of the global Drone Service Market to elucidate the prominent investment pockets.
  • Current trends and future estimations are outlined to determine the overall attractiveness and single out profitable trends to gain a stronger foothold in the market.
  • The report provides information related to key drivers, restraints, and opportunities and their impact analysis.
  • The market is analyzed based on various regions, namely, North America, Europe, Asia-Pacific, and LAMEA.

Drone Service Market report provides an in-depth insight of Industry covering all important parameters including development trends, challenges, opportunities, key manufacturers and competitive analysis. The research report focuses on the leading competitors of the Drone Service Market and provides information such as the company overview, product portfolio, key developments, price, cost, value, volume, revenue, capacity, production, and contact information.

Don’t miss out on business opportunities in Drone Service Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

Moreover, the drone service providers opt for rotary wing drones attributing to the benefit that these drones are easier to transport from one place to another. The designs of these drones help the user or the operator to fold and pack into a smaller unit, which has attracted several drone service providers. The result of this is the increasing market size of drone service through rotary wing drones. Further, accounting to the compact size of the product as compared to fixed- wing drones, the rotary wing drones are less expensive. Coupling the lower price of the drones with a higher return on investment, the services providers tend to purchase these drones and offer their customers with rotary wings UAVs. These are the primary factor that has boosted the rotary wing drones in the drone service market in the past few years, and the same is expected to accentuate the demand in the coming years.

The report segments the global Drone Service market as follows:

Global Drone Service Market - By Drone Type

Fixed Wing Drone
Rotary Wing Drone
Hybrid Drone

Global Drone Service Market - By Service

Surveying, Mapping and Inspection
Delivery
Aerial Photography
Others

Global Drone Service Market - By Industry

Real Estate/Infrastructure
Media & Entertainment
Agriculture
Industrial
Law Enforcement
Others

Global Drone Service Market - By Geography

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Middle East & Africa (MEA)
  • South America (SAM)

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